APPROPRIATION OF PAYMENTS. 15.1 The Cardmember and all Cardholders agree that any and all payments received by DBS from or for the account of the Cardmember may be applied and appropriated by DBS: 15.1.1 in relation to such Card Account for which the Cardmember is liable as DBS may at its absolute discretion determine or select; and 15.1.2 in relation to such entries, charges or transactions constituting the Outstanding Balance on such Card Account as DBS may at its absolute discretion determine or select, notwithstanding any specific appropriation by the person making the payment or any other person.
Appears in 6 contracts
Samples: Commercial Card Agreement, Commercial Card Agreement, Commercial Card Agreement
